On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive).
The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the increase in the NPL ratio further exacerbated by the COVID-19 pandemic.
In brief, the NPL Directive works to expedite and regulate the development of a secondary NPL market in Europe through the authorisation and supervision of credit servicers.
We are excited to announce that we are once again a proud sponsor of SmithNovak’s NPL Iberia Conference, taking place in Madrid on 29 November! We will be announcing our speakers soon, until then please check out our website for more info. More about the event here
We are excited to be a proud sponsor of the Global NPL 2022 summit taking place in London, on 5-6 October. Don’t miss out our very own Alexandros Efstratoglou on stage talking about technology and innovation in the market.
The Belgian niche bank CKV has selected AroTRON Debt Management platform to manage their loans portfolio and automate their debt collection, recovery and restructuring processes, in order to make its application landscape complete and future proof. The Company CKV is an unlisted, independent, stable, Belgian niche bank that has been active throughout Belgium since 1956 […]